After some consideration and finding out earlier on today my job is done for (I'm being put on gardening leave), I've decided to take the dive and start up in Ukraine providing that a suitable factory/distillery with good infrastructure to ship to the EU/UK can be found.
I've spoken to a couple of firms both here in the UK and Ukraine, they've suggested that I set up through a Cypriot company that owns the Ukrainian subsidiary for tax reasons but it is only suitable for dividend payments, I'd still be liable for the full 25% (bar usual deductions) unless I cook the books
I'll be investing a significant amount, along with a business partner who is doing it with me but has more experience than I in this particular area, but I'm unsure as to whether the hassle of having an extra company in Cyprus is worth it to save on dividend payments that won't come for quite some time.
The main reason we picked Ukraine is because of the cheapness of set up and labour, we'd considered Poland but it's was more expensive despite slightly less hassle.
Does anyone have any opinions on whether I should listen to the various people I've spoken to thus far, I don't remember there being a Cypriot company when I was consulting before in Ukraine (I didn't set up the business, I came in much later) which is why I'm puzzled and no one has helped me out in my discussions thus far.